Tangible: Still committed to restoring the USDR collateral rate and seeking to provide users with fair alternatives

ChainCatcher message, represented by the stablecoin protocol Tangible backed by real-world assets, is still refining its workflow, with the goal of restoring the target collateralization ratio (CR) of USDR to 100%, and migrating customers from USDR to a solution that most users and the community consider a fair alternative in terms of value and experience.

Previous news, Tangible stated on October 12 that all liquidity DAI in the USDR treasury had been redeemed, leading to a rapid shrinkage in market capitalization, coupled with a lack of DAI for redemptions, which resulted in panic selling and decoupling, causing the USDR price to drop to $0.566.